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New glimmer of hope for Coburg cardboard factory after bankruptcy!
Coburg's cardboard box factory in Dörfles-Esbach reports bankruptcy. Nordpack takes over, but 50 jobs are affected.
New glimmer of hope for Coburg cardboard factory after bankruptcy!
Things have always been turbulent in the world of packaging. On December 23, 2024, Coburger Verpackungenfabrik GmbH & Co. KG from Dörfles-Esbach filed for bankruptcy. The main reason for this difficult decision was a “severe weakness in demand” and the constantly increasing production costs, which were severely affecting the company. With around 210 employees, the factory was an important employer in the regional area. However, the bankruptcy made changes inevitable.
On July 1, 2025, the Coburger cardboard factory will continue to operate under new management and a new name, Coburger Verpackungen GmbH. The Nordpack group of companies from Isernhagen has taken over the shares, thereby ensuring a certain degree of stability in uncertain times. Administration and production will remain at the Dörfles-Esbach location, but unfortunately around 50 jobs will have to be cut.
Takeover by Nordpack and help for employees
The establishment of a transfer company is a ray of hope for the affected employees. They should be given the opportunity to change voluntarily and to benefit from further training and further education opportunities supported by the employment agency. The provisional insolvency administrator Klaus-Christof Ehrlicher is confident that the decision in favor of Nordpack will bring about a positive development for the future of the company.
The history of the Nordpack Group began in 1981 and it currently employs 80 people. The takeover will expand Coburger Kartenagen GmbH's portfolio to include food-certified gray cardboard and white flute, which will benefit the company's product diversity and market opportunities.
The context of bankruptcies in Germany
Insolvencies are not an isolated case in the German economy. In 2023, a total of around 110,200 bankruptcies were recorded in Germany - a decrease of 31,000 compared to 2013. Companies in the service sector are particularly affected, with 59% of all bankruptcies, such as Statista reported.
North Rhine-Westphalia tops the list with the most bankruptcies, followed by Bavaria and Baden-Württemberg. This reflects the general uncertainty in which many companies have to operate and highlights the challenges that the Coburg cardboard factory also faced.
Overall, bankruptcies are a serious issue that not only affects the companies affected, but also the workforce and the economic situation as a whole. The aim of the insolvency regulations is to create a fair balance between over-indebted companies and their creditors. Collaboration with new investors can often make the crucial difference.
Coburger Kartenagen GmbH now has the chance to establish itself under new management and secure its influence on the packaging market. Let's hope this is the beginning of a positive change.